LogMeIn Breaks Out, More Networking Earnings On Tap

By | July 24, 2015

Scalper1 News

The Internet networking solutions group outperformed this week in the face of disappointing general market action. LogMeIn (LOGM), the Composite Rating leader in the group, gapped to a record high Friday and broke out past a 70.10 flat-base buy point. Late Thursday, the provider of cloud-based connectivity reported Q2 earnings and sales that topped expectations. Profit for the quarter climbed 21% to 35 cents a share on sales of $64.8 million. Scalper1 News

Scalper1 News